{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-033185","form_type":"8-K","ticker":"DBGI","cik":"0001668010","company_name":"Digital Brands Group, Inc.","filed_at":"2024-08-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.035512+00:00","generated_at":"2026-05-31T08:28:41.486003+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Digital Brands Q2 revenue drops to $3.4M; net loss $3.5M; pays off $5M debt","bullets":["Net revenue of $3.4M, down 24% YoY from $4.5M, due to no digital advertising spend.","Net loss of $3.5M ($2.08 per diluted share) vs net loss of $5.7M (excluding $10.7M non-cash benefit) a year ago.","Gross margin fell to 45.9% from 52.0%, reflecting lower-margin e-commerce mix.","G&A expenses reduced 27% to $2.9M; sales & marketing spend cut to $615K from $1.1M.","CEO says company paid off over $5M in debt/H1 2024; digital ads resumed with 2.6x-2.9x ROAS."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-033185","json":"https://secwatch.observer/filing/0001493152-24-033185.json","markdown":"https://secwatch.observer/filing/0001493152-24-033185.md","text":"https://secwatch.observer/filing/0001493152-24-033185.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1668010/000149315224033185/0001493152-24-033185-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1668010/000149315224033185/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T08:28:41.486003+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}